“`html What Is Debt Collection? Debt collection is the process of recovering unpaid debts from borrowers who have missed three or more monthly payments. This task is typically handled by a collection agency or a third-party debt collector. Understanding the…
“`html How Much Credit Should I Use? Your credit utilization ratio, also known as a utilization rate, indicates the percentage of available credit you’re using on revolving credit accounts, such as credit cards. A lower credit utilization ratio is beneficial…
“`html Understanding VantageScore and FICO Credit Scores In the U.S., two companies dominate the credit scoring industry: FICO® and VantageScore®. While FICO® is the industry leader, VantageScore® has been gaining market share since its creation by the three major credit…
“`html Understanding the Impact of Medical Bills on Your Credit Medical care is essential for maintaining good health, but expensive medical bills can strain your finances. According to recent estimates from the Peterson Center on Healthcare and Kaiser Family Foundation…
“`html Understanding When Creditors Update Accounts At O1ne Mortgage, we understand the importance of staying informed about your credit. Lenders, credit card issuers, and other data reporters typically update your credit information at the three national credit bureaus (Experian, TransUnion,…
“`html Understanding Liens: A Comprehensive Guide by O1ne Mortgage In this article, we will cover: How Does a Lien Work? What Are the Different Types of Liens? Does a Lien Appear on Your Credit Report? What Happens if I Don’t…
“`html How Payment History Affects Your Credit Score Your record of paying debts on time, as agreed under the terms of your loans or credit cards, is the single most important factor used in calculating your credit scores. Maintaining a…
“`html Understanding Credit Reports and Inquiries Welcome to O1ne Mortgage! In this article, we will guide you through the essentials of checking your credit report, understanding the impact of inquiries on your credit scores, and why these inquiries matter. For…
“`html Understanding Credit Score Fluctuations and How to Improve Your Score Are you wondering why your credit score seems different every time you check it? Credit scores can change frequently, reflecting updates to your credit files at the three national…
“`html Understanding Credit-Based Insurance Scores and Credit Scores At O1ne Mortgage, we understand the importance of credit scores and credit-based insurance scores in determining your financial health. These scores help companies assess risk, but they serve different purposes and are…
